UK Government May Soften Supplier Payment Regulations Following Industry Pressure
The UK government is reportedly reconsidering stringent payment regulations for large businesses following significant industry pushback. Proposed rules aimed at protecting small suppliers from late payments face potential dilution after corporate lobbying efforts.
Policy Reversal Under Consideration
The UK government is reportedly considering scaling back planned legislation that would shorten payment times for small suppliers, according to sources familiar with the matter. This potential policy shift comes after extensive lobbying from large corporations, which have warned that stricter payment terms could squeeze their cash flow and hamper economic investment.